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SHARE-BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2025
SHARE-BASED COMPENSATION |
Schedule of Share-Based Compensation Expenses | The following is a summary of share-based compensation expenses reported in the consolidated condensed statements of operations and comprehensive loss for the three and nine months ended September 30, 2025 and 2024:
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Research and Development |  | $ | - |  | $ | 600,000 |  | $ | - |  | $ | 3,227,300
General and Administrative Expenses |  |  | 79,000 |  |  | 68,974 |  |  | 344,383 |  |  | 319,709
Total Share-Based Compensation Expense Included in Operating Expenses |  | $ | 79,000 |  | $ | 668,974 |  | $ | 344,383 |  | $ | 3,547,009
Schedule of Fair Value of Options Granted | The following table summarizes the significant assumptions used in determining the fair value of options granted during the three and nine months ended September 30, 2025 and 2024:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Weighted-average grant date fair value | $ | N/A |  | $ | 8.78 |  | $ | 4.55 |  | $ | 8.78
Risk-free interest rate |  | N/A |  |  | 3.62% - 4.17% |  |  | 4.36% |  |  | 3.62% - 4.17%
Expected volatility |  | N/A |  |  | 86.00% - 87.00% |  |  | 90.00% |  |  | 86.00% - 87.00%
Expected term (years) |  | N/A |  |  | 6.41 - 10.00 |  |  | 4.50 |  |  | 6.41 - 10.00
Expected dividend yield |  | N/A |  |  | 0.00% |  |  | 0.00% |  |  | 0.00%

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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